Nigeria to fund budget deficit with foreign loans, Eurobonds
Nigeria will raise $3.5 billion in foreign loans including from international lenders and debt markets to fund the West African nation’s 2017 budget deficit, Reuters […]
World Bank
World Bank trims Sub-Saharan Africa growth projection
The World Bank cut its growth projection for sub-Saharan Africa this year after a tumultuous period in 2016. According to the bank, Sub-Saharan Africa is […]
Nigeria: Buhari slims his schedule for further treatment
Nigeria’s president Muhammadu Buhari has reduced his working hours since he returned from medical leave, Voice of America reported. According to the US media, the […]
Egypt: WB disburses $1 billion in financial assistance
The World Bank has allocated $1 billion in financial assistance to Egypt as the North African seeks to revive its ailing economy hit by the […]
World Bank to release $57 billion for projects in Sub-Saharan Africa
The World Bank this week pledged to commit a record $57 billion to finance projects in sub-Saharan Africa. According to the head of the Washington-based […]
Zambia: World Bank Forecasts 4 PC Economic Growth in 2017
Zambia’s economy will grow by 4 pc in 2017 and 4.2 pc in 2018, the World Bank said on Monday. Africa’s second copper producer “is […]
Less than 1% of Naira Notes are Fake – Nigeria’s Reserve Bank
The Central Bank of Nigeria (CBN) on Tuesday said less than one percent of the west-African nation’s local currency in circulation is fake. The reserve […]
DRC to Produce 1.5 Million Tons of Copper in 2018
The Democratic Republic of Congo will mine about 1.5 million tons of copper in 2018, the industry-led Chamber’s vice-president said on Wednesday. Simon Tuma-Waku, who […]
Tanzania Seeks $305 million WB Loan to Expand Dar es Salaam port
Tanzania’s government is seeking a $305 million soft loan from the World Bank to expand its main port in Dar es Salaam in the next […]
Zimbabwe Misses 2016 Revenue Target
Zimbabwe’s tax agency ZIMRA on Thursday said it missed the 2016 revenue target by 4 percent as weak global commodity prices hit mineral royalties in […]